Fed chair says he's not going anywhere--and Trump can't make him

[Yo_Mama_Been_Loggin]

Federal Reserve Chair Jerome Powell said Thursday that he would not resign his job, even if President-elect Donald Trump asked him to.

"Some of the president-elect's advisers have suggested that you should resign. If he asked to leave, would you go?" Politico reporter Victoria Guida asked Powell at a news conference, after the governing board of the central bank voted to lower interest rates by a quarter of a percentage point as inflation continues to wane and fears of a slowing job market rise.

Powell replied with a terse, “No,” later adding that Trump is “[n]ot permitted under the law” to fire him.

Link to tweet

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Trump, who first appointed Powell to the job, has warred with Powell in the past.

https://www.dailykos.com/stories/2024/11/7/2284077/-Fed-chair-says-he-s-not-going-anywhere-and-Trump-can-t-make-him

[Deuxcents]

1. TSF wants control of the Federal Reserve as he's said he's smarter than they are and can fix it all.

His resume says a lot about his vast knowledge and qualifications 🙃

[andym]

2. Fed will lower the interest rates with inflation at 2%, and who will get the credit?

The President sitting in the White House.